MPC Munchmeyer Petersen Capital AG · XETR:MPCK
MPC Munchmeyer Petersen Capital — MPC Capital — Investor Presentation (September 2021)
26 slides from MPC Munchmeyer Petersen Capital's investor presentation, September 2021
Slide 1: MPC Capital AG
MANAGING REAL ASSETS |→ |→ 09 04 // 2021 2019 MPC CAPITAL AG
Slide 2: Agenda
MANAGING REAL ASSETS |→2 MPC CAPITAL AG AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS H1 2021 10 4. FINANCIALS H1 2021 13 5. OUTLOOK 17 6. APPENDIX 20 This presentation and the information contained herein (“the Presentation”) have been compiled with meticulous care and to the best of o
Slide 3: MPC Capital AG at a Glance
ASSET LIGHT MANAGEMENT SERVICES COMBINED WITH FOCUSED INVESTMENT APPROACH |→3 MPC CAPITAL AG AT A GLANCE BUSINESS OVERVIEW COMPANY STRUCTURE + Investment Manager and Co-Investor initiating market-leading Investment Vehicles in real asset niche markets Total AuM1): €4.7bn > 300 assets + Operating Gro
Slide 4: Agenda
|→4 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS H1 2021 10 4. FINANCIALS H1 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 5: The MPC Capital Universe
MANAGING REAL ASSETS |→ 5 THE MPC CAPITAL UNIVERSE ≤100% INVESTMENT 0-10% MANAGER OPERATING INVESTMENT COMPANIES VEHICLES ITC Fund Gateway Fund ESG Core Residential Fund + many more Funds and SPVs
Slide 6: Asset Light Business Model
INTEGRATED ASSET MANAGER AND CO-INVESTOR WITH FOCUS ON REAL ASSET MARKETS |→6 ASSET LIGHT BUSINESS MODEL RECURRING FEES FROM DEAL-DRIVEN TRANSACTION ATTRACTIVE RETURNS FROM MANAGEMENT SERVICES BUSINESS CO-INVESTMENTS + Focus on energy transition related strategies + Scalable management and corporate
Slide 7: Asset and Investment Management
STRONG VALUE PROPOSITION ALONG THE VALUE CHAIN IN THREE CORE ASSET SEGMENTS |→7 ASSET AND INVESTMENT MANAGEMENT CURRENT REAL ESTATE SHIPPING INFRASTRUCTURE + Container vessels PLATFORMS + Residential + Renewable energy + Bulk carriers + Commercial + Tankers OPERATIONS + Investment and asset manageme
Slide 8: Fee and Income Generation
DIVERSIFIED INCOME STREAMS FROM MANAGEMENT AND TRANSACTION SERVICES AND CO-INVESTMENTS |→8 FEE AND INCOME GENERATION SOURCING/ MANAGEMENT EXIT STRUCTURING Unique access to Efficient and high-quality operational services Extensive experience in developing highly attractive assets Additional value cre
Slide 9: Agenda
|→9 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS H1 2021 10 4. FINANCIALS H1 2021 14 5. OUTLOOK 17 6. APPENDIX 20
Slide 10: Highlights 2021: Real Estate and Shipping
NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 10 HIGHLIGHTS 2021 REAL ESTATE SHIPPING THE NETHERLANDS STRONG CONTAINER MARKETS + Significant progress in (re-)development projects across segments + Strong demand, disrupted logistics (e.g. port congestions) and structural (office
Slide 11: Highlights 2021: Infrastructure and Corporate
NEW PROJECTS AND FOCUSING ON TRANSACTIONS IN ALL ASSET SEGMENTS | → 11 HIGHLIGHTS 2021 INFRASTRUCTURE CORPORATE EXPANSION OF MPC CAPITAL’S RENEWABLE BUSINESS CORPORATE STRUCTURE AND COST MANAGEMENT + IPO of MPC Energy Solutions at Euronext Oslo with USD 100m initial + Proportionate consolidation of
Slide 12: Agenda
| → 12 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS H1 2021 10 4. FINANCIALS H1 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 13: Assets Under Management (in €bn)
CROSSOVER 31 DEC 2020 TO 30 JUN 2021: INSTITUTIONAL VS. RETAIL BUSINESS | → 13 ASSETS UNDER MANAGEMENT (IN €BN) 0.7 0.1 0.6 -0.5 4.7 COMMENTS 0.2 4.4 -0.5 0.2 0.8 (16%) + Institutional business accounts for 84% of total 0.7 AuM (16%) + Assets attributable to institutional business in the amount of €
Slide 14: H1 2021 Key Financials – P&L Highlights
INCREASED PROFITABILITY | → 14 H1 2021 KEY FINANCIALS – P&L HIGHLIGHTS REVENUE EBT COMMENTS in €m in €m + Expected drop in revenue is due to the strategic development of the MPC Capital Group structure 24.8 5% 14% + First-time proportionate consolidation of joint 2.4 10.7 venture companies 2.4 + Foc
Slide 15: 2021 Key Financials – Balance Sheet Highlights
SOLID BALANCE SHEET FACILITATES FURTHER EXPANSION OF THE CO-INVESTMENT PORTFOLIO | → 15 2021 KEY FINANCIALS – BALANCE SHEET HIGHLIGHTS EQUITY / TOTAL BALANCE CO-INVESTMENT PORTFOLIO ALLOCATION 2018 – 2021 (in €m/%) Excl. minorities (in %), pro forma as of 30 Jun 2021 151 140 127 124 113 26% Real Est
Slide 16: Agenda
| → 16 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS H1 2021 10 4. FINANCIALS H1 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 17: Strong Fundamentals to Further Develop the Platform
MPC CAPITAL IS WELL POSITIONED TO CAPTURE STRUCTURAL GROWTH IN REAL ASSET MARKETS | → 17 STRONG FUNDAMENTALS TO FURTHER DEVELOP THE PLATFORM FACILITATE ACCESS TO ATTRACTIVE INVESTMENT … CATERING GLOBAL FUNDING REQUIREMENTS FOR OPPORTUNITIES ALONG INVESTORS’ DEMAND … FURTHER ACCELERATING TRENDS + Bal
Slide 18: Growth Objectives
MPC CAPITAL’S MAIN OBJECTIVE IS TO BECOME A LEADING MANAGER FOR REAL ASSETS IN SELECTED MARKETS | → 18 GROWTH OBJECTIVES GROWTH OBJECTIVES FINANCIAL TARGETS 1 Increase AUM and transaction business +€0.5 - 1.0bn new AUM per annum 2 Improve platform profitability EBT margin > 30% > 3 Income from inves
Slide 19: Agenda
| → 19 AGENDA 1. INTRODUCTION 3 2. BUSINESS MODEL 5 3. HIGHLIGHTS H1 2021 10 4. FINANCIALS H1 2021 13 5. OUTLOOK 17 6. APPENDIX 20
Slide 20: Acquisitions: Projects Initiated for Institutional Clients
MPC CAPITAL INITIATED PROJECTS FOR INSTITUTIONAL CLIENTS | → 20 TRACK RECORD INSTITUTIONAL AUM BRIDGE SINCE 2016 (IN €BN) +0.5+0.2 +0.3 4.0 3.6 +0.6 3.5 +0.5 +0.1 -0.4 -0.5 +1.0 +1.2 +0.8 2.6 2.3 2.4 +0.1 +0.3 -0.3 +0.8 -0.8 1.7 -0.2 -1.2 -0.1 2016 2017 2018 2019 2020 HY 2021 Institutional AuM Addit
Slide 21: Project Pipeline
VISIBLE GROWTH THROUGH DETAILED PROJECT SHORT-LIST OF EUR 1.7BN | → 21 PROJECT PIPELINE REAL ESTATE SHIPPING INFRASTRUCTURE Stage Volume (€m) Short List (%) Stage Volume (€m) Short List (%) Stage Volume (€m) Short List (%) SPA 47 14% SPA 0 0% SPA 122 16% Negotiations 243 73% Negotiations 103 18% Neg
Slide 22: Financial Assets as of 30 June 2021
BALANCE SHEET | → 22 FINANCIAL ASSETS AS OF 30 JUNE 2021 CO-INVESTMENT PORTFOLIO Financial Current MPC Description Minorities Assets Assets Investment Real Estate 12,5 - (1,6) 10,9 Bajes Kwartier Residential development project in Amsterdam 5,5 - - 5,5 InTheCity Fund Dutch core office property fund
Slide 23: Financial Performance 2016 - 2021
P&L AND BALANCE SHEET | → 23 FINANCIAL PERFORMANCE 2016 - 2021 INCOME STATEMENT (in €m) FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 H1 2020 H1 2021 Revenue 53.8 47.3 42.7 46.8 50.5 24.8 16.01 Other operating income 11.9 22.7 12.5 9.7 9.9 4.4 5.8 Cost of materials / Cost of purchased services (in €m) Rev
Slide 24: Management Team
| → 24 MANAGEMENT TEAM SUPERVISORY BOARD DR. AXEL SCHROEDER JOACHIM LUDWIG DR. OTTMAR GAST Chairman of the Supervisory Board Member of the Supervisory Board Member of the Supervisory Board since 2015 since 2015 since 2018 Previously 15 years as CEO Executive Board member Previously CEO and Chairman
Slide 25: Capital Market Profile
PUBLICLY LISTED SINCE 2000 WITH LONG-TERM COMMITMENT BY FOUNDING SHAREHOLDER MPC GROUP | → 25 CAPITAL MARKET PROFILE SHAREHOLDER STRUCTURE SHARE PRICE AND MARKET CAP 4.0 Market cap (in €m) 8% 3.0 Freefloat Market cap (in €m) Share price (in €) MPC Group 35.2m 2.0 Freefloat shares 48% 44% Thien & Hey
Slide 26: Investor Relations
IR CONTACT, TRADING INFORMATION & FINANCIAL CALENDAR | → 26 INVESTOR RELATIONS CONTACT FINANCIAL CALENDAR 2021 STEFAN ZENKER + 25 FEBRUARY 2021 HEAD OF INVESTOR RELATIONS Publication of Annual Report 2020 MPC MÜNCHMEYER PETERSEN CAPITAL AG + 22 APRIL 2021 Palmaille 67 Annual General Meeting, virtual